Bank of Albania has announced that it will sell at auction about EUR 165 million treasury bills and bonds on July 20th, on behalf of the Ministry of Finances. According to the official statement of the Central Bank on July 20th ALL 4 billion bonds will be put at auction with a fixed interest rate of 4.5% and with a two-year maturity, while ALL 3 billion will be put at auction with fixed and variable interest rate and a ten year maturity.
On July 28th, the Bank of Albania will sell at auction ALL 4 billion bonds with a fixed interest rate of 4.5% with one year or three-month maturity. On July 21st, the Bank has announced the holding of the 12 auction for bonds in Euro currency. The Ministry of Finances is seeking to sell at auction EUR 45 million bonds.
The Bank of Albania invited all private banks to buy treasury bills and bonds and made several changes in the regulatory in order to meet the requests of banks in this regard. But the discontent of banks stands in the fact that the Central Bank issued higher risk coefficients in cases when the private banks transfer their funds outside of the country, with the aim to boost lending inside the country.
News source: ATA
Photo credits: Simon Cunningham / Flickr
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